FEC Subsidiary Awarded the Tender for a Property at Holland Road in Singapore

The Property is prominently located in Holland area, a popular residential enclave of landed homes and high-end condominiums. Well-served by public transport plying Holland Road and its close proximity to Holland Village MRT, the Property enjoys unparalleled connectivity to the rest of the city. It is currently comprised of a 6-storey block with total freehold site area of 4,970.8 square meters ("sqm"), and may be developed into a residential project with total freehold Gross Floor Area ("GFA") of approximately 10,000 sqm, subject to planning approvals from the relevant authorities.